BYD (HKG: 1211, OTCMKTS: BYDDY) maintained its position as China’s largest new energy vehicle (NEV) maker in May, while Tesla (NASDAQ: TSLA) retained the same ranking as in April.
BYD’s NEV retail sales in May totaled 293,021 units, up 9.2 percent from 268,226 units in the same period last year, according to rankings released today by the China Passenger Car Association (CPCA).
The company continued to lead the market with a 28.5 percent share in May, though down from 29.7 percent in April and 33.4 percent in May 2024.
Tesla’s retail sales in China in May were 38,588 units, a decrease of 30.1 percent from the 55,215 units sold in the same period last year.
The US electric vehicle (EV) maker ranked eighth in China’s NEV market in May with a 3.8 percent market share, maintaining the same ranking as in April.
This share was higher than the 3.2 percent in April but lower than the 6.9 percent in the same period last year.
Geely‘s NEV retail sales in May totaled 130,398 units, up 132.1 percent from 56,172 units in the same period last year, ranking second with a 12.7 percent market share.
In China, NEVs include plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell vehicles.
BYD and Geely produce both BEVs and PHEVs, while Tesla only produces BEVs.
Changan Automobile ranked third in China’s NEV market in May with 73,993 NEV retail sales and a 7.2 percent market share.
Leapmotor (HKG: 9863) ranked sixth in China’s NEV market in May with 41,409 retail sales and a 4.0 percent market share.
Li Auto (NASDAQ: LI) ranked seventh in China’s NEV market in May with 40,856 retail sales and a 4.0 percent market share.
In the first five months of the year, BYD ranked first in China’s NEV market with 1,257,961 retail sales and a 28.9 percent market share.
Geely ranked second in China’s NEV market in the first five months of the year with 570,990 retail sales and a 13.1 percent market share.
Changan ranked third in China’s NEV market with 291,175 NEV sales and a 6.7 percent market share from January to May.
Tesla ranked fifth in China’s NEV market with 201,926 sales and a 4.6 percent market share from January to May.
In the overall passenger vehicle market, which includes traditional internal combustion engine vehicles, BYD ranked first in retail sales in May with a 15.1 percent market share.
Geely ranked second in May with 205,093 units sold and a 10.6 percent market share.
Changan ranked third with 135,330 units sold and a 7.0 percent market share.
Nio Inc, which includes the Nio, Onvo, and Firefly brands, saw 4,340 insurance registrations last week, a decrease of 19.63 percent from the previous week.
